HUGE Rumor: Apple May Bid For English Soccer Rights

HUGE Rumor: Apple May Bid For English Soccer Rights

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The Apple (AAPL) empire is trading at an all-time high after Goldman Sachs (GS) raised their earnings estimate, reports Jeff Macke, but "the question is whether or not anything has actually changed for the company."

One thing that may bring about game changing profits for Apple, besides its plan to revolutionize the textbook industry, is its plan to revolutionize the television industry.

Along that note, rumors abound that Apple plans to place a bid for English Premier League (EPL) Soccer rights when the next package (for the 2012-2016 seasons) is auctioned. This is one of the most profitable soccer leagues in the world. It will compete in a bidding war against some big names that include ESPN, SKy Sports, and Al Jazeera. The effect would be even more powerful if Americans had the same taste for soccer as the rest of the world, but it is still a significant move.

"The implications of Apple owning the rights to distributing EPL to the English speaking world don't seem to be fully understood by the mainstream press." says Macke, who compares it to Google owning NFL rights "only with much more growth potential."

He adds, "The mere existence of such an idea suggests Apple will be in the running for the distribution of original content, either through the existing Apple TV product or, perhaps more likely, as part of a yet to be seen iTV device."

Business Section: Investing Ideas

A successful move from Apple to take on the television industry is making Apple bulls drool. Are you one of them?

If you think Apple has more growth to cash in from these rumors you may be interesting in keeping an eye on it's growth.

To help you get started, we launched the Compar-O-Matic, and compared Apple's analyst rating against competitors. As you can see, Wall Street analysts are still optimistic on Apple's outlook:



As the Turbo Chart shows, the company is outpacing the S&P 500 index:



*Written by Rebecca Lipman


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2 responses to “HUGE Rumor: Apple May Bid For English Soccer Rights”

  1. is not a rumor … it's true!

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